GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF EXPENDITURE
CENTRAL PENSION ACCOUNTING OFFICE
TAIKOOT-II,BHIKAJI CAMA PLACE,
NEW DELHI-110066
CPAO/IT&Tech/NPS Procedure/22 Vol-III/P.F./20 l 9-20/85-92 04.09.2019
Office Memorandum
Subject: Accounting Procedure for crediting the amount withdrawn by the pensioner from PFRDA and interest thereon in to Government Account for availing benefit of Additional Relief on Death/ Disability of the Govt Servant covered under NPS-reg.
Attention is invited to DP&PW OM. No. 38/41/06/P&PW(A) dated
05.05.2009 to be read with OM No. 28/03/2018-P&PW(B) dated
02.04.2018 wherein it is stated the "The Exit and Withdrawals under
N PS regulations 2015 provides in para 6(e) that if the subscriber or
the family members of the deceased subscriber, upon his death, avails
the option of additional relief on death or disability provided by the
Government, the Government shall have right to adjust or seek transfer
of the entire accumulated pension wealth of the subscriber to itself.
The subscriber or family members of the subscriber availing such benefit
shall specifically and unconditionally agree and undertake to transfer
the entire accumulated pension wealth to the Government, In lieu of
enjoying or obtaining such additional reliefs like family pension or
disability pension or any other pensionary benefits from such Government
authority." It is also stated in the OM dated 02.04.2018 that "the
family of the deceased Govt. servant is entitled to family pension
under old pension scheme, if they want to avail the benefits under old
pension scheme. In this case the entire accumulated funds under NPS may
be recovered from the family with interest However, the possibility to
adjust the recovery of accumulated wealth from arrears of family pension
may also be explored. "
2. References have been received from the Pay & Account Offices
for accounti ng procedure for N PS corpus deposited by the
pensioner/family pensioner or received from PFRDA.
3. O/o the CGA vide its U O no. 1(7)(2)/2010/Cla/TA/205 dated 05.08.2019
has suggested the accounting procedure for the amount of NPS corpus
received from pensioner/family pensioner/ PFRDA as under:
i) The amount received may be deposited into the existing government account of the PAO concerned.
ii) The receipt may be accounted for by crediting MH 0071-Contributions
and Recoveries towards Pension and other retirement benefits, 01- Civil.
Minor Head 101-Subscriptions and Contributions. A new sub-head
'Accumulated Pension Wealth in respect of N PS subscribers' may be got
opened under the above head for the purpose, if already not opened.
4. All the Pr. CCAs/CCAs/CAs/ AGs/Administrators of UTs are requested
to instruct concerned PAOs to follow the accounting procedure mentioned
above.
Sd/-
(Md. Shahid Kamal Ansari)
(Dy. Controller of Accounts)
